Deutsche Bank Upgrades Sony Corp. (SNE) to Hold; Weak Yen Merits Product Price Cut Risk
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Price: $106.01 --0%
Rating Summary:
11 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank upgraded Sony Corp. (NYSE: SNE) from Buy to Hold. PT YEN1,950.
Deutsche analyst said, "Positives include 1) current forex rates, 2) low risk of major earnings sliding due to high levels of writedowns on fixed assets, and little risk of sharp discounting from current valuation (P/B 0.75x), and 3) semiconductors are entering an earnings expansion. Negatives include 1) delays improving TV business earnings, 2) further restructuring, and 3) PS Vita sales short of our estimates, creating a risk of FY3/13 price cuts. While we view PS Vita as relatively impressive in the consumer electronics sector, we see news that
would make it a must-have item as lacking."
For an analyst ratings summary and ratings history on Sony Corp. click here. For more ratings news on Sony Corp. click here.
Shares of Sony Corp. closed at $21.59 yesterday.
Deutsche analyst said, "Positives include 1) current forex rates, 2) low risk of major earnings sliding due to high levels of writedowns on fixed assets, and little risk of sharp discounting from current valuation (P/B 0.75x), and 3) semiconductors are entering an earnings expansion. Negatives include 1) delays improving TV business earnings, 2) further restructuring, and 3) PS Vita sales short of our estimates, creating a risk of FY3/13 price cuts. While we view PS Vita as relatively impressive in the consumer electronics sector, we see news that
would make it a must-have item as lacking."
For an analyst ratings summary and ratings history on Sony Corp. click here. For more ratings news on Sony Corp. click here.
Shares of Sony Corp. closed at $21.59 yesterday.
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